Aker Offshore Wind increases stake in Principle Power Inc
Aker Offshore Wind has increased its ownership in Principle Power Inc from approximately 20 percent to an expected 39 percent, after exercising an option to buy further shares in the floating wind technology company.“Principle Power is established as the industry leading provider of floating wind foundation technology, with more than 100MW of installed capacity by 2022,” said Astrid Skarheim Onsum, Chief Executive Officer of Aker Offshore Wind. “We will actively work with Principle Power and the other shareholders to further develop technology and drive down costs across the value chain to